The Block

Kraken parent Payward completes Bitnomial acquisition, unlocking US crypto derivatives offering theblock.co/post/399851/kr…

🎉 Edition 50 of my newsletter, The Funding, is live — and it turns 2 today! Many thanks to @FrankResearcher, @AllBusinessPump, @evgeny_re7, @franciszhan, @ani_pai, @HadickM, @tklocanas, @bees_neeth, @samantha_bohbot, and @MathijsM11 for sharing insights 🙌

The Funding: How DeFi hacks could hit crypto funds theblock.co/post/399840/th…

Bitcoin rises past $80,000, breaking 'major' psychological resistance zone theblock.co/post/399835/bi…

Michael Saylor's Strategy pauses weekly bitcoin purchases ahead of Q1 earnings release theblock.co/post/399828/st…

JUST IN - BITCOIN CLIMBS ABOVE $80,000.

New York AG settles for $5 million with Uphold in first enforcement action against a crypto yield product promoter theblock.co/post/399825/ne…

North Korea terrorism creditors move to seize Arbitrum-frozen Kelp DAO ETH ahead of DeFi United vote theblock.co/post/399819/no…

Markets never close anymore. Andre Frank COO at @tassatgroup explains that 24/7 trading is forcing a rethink of regulation and capital efficiency.

We finally have a deal for stablecoin yield — crypto platforms won't be able to pay interest just for holdings, but will be able to reward "bona fide" usage. What will this look like in practice? Too soon to say, but there's a lot of interesting wording in the bill 🔗⬇️

BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter theblock.co/post/399812/bl…

CryptoQuant says bitcoin's April price surge was 'speculative' as spot demand remains weak, warns of correction risk theblock.co/post/399790/cr…

Leading Iranian crypto exchange Nobitex was founded by sons of elite political family tied to supreme leaders: Reuters theblock.co/post/399784/le…

Coinbase says deal reached on Clarity Act stablecoin yield, clearing path to long-stalled Senate markup theblock.co/post/399780/co…

Stablecoins that pay you in real time. Jerald David CEO of @Lynq_Network says you can now hold dollars and earn yield in real time without the old TradFi rules.

A16z backs CFTC, says state-by-state rules on prediction markets create 'barrier to impartial access' theblock.co/post/399752/a1…

EXCLUSIVE: JPMorgan says rising stablecoin use may not lead to similar market cap growth theblock.co/post/399767/jp…

Tassats big move to Avalanche. Andre Frank COO at @tassatgroup says the shift from private to public rails is already happening and @avax is powering it.

Polymarket and Kalshi's combined lifetime volumes crossed $150 billion in April, though Polymarket actually saw a drop off in trading activity and active users, ending a seven-month growth streak, according to The Block's data. Read more 👇

Polymarket and Kalshi's combined lifetime volumes hit $150 billion in April theblock.co/post/399759/po…